NewsRadio 920 WHJJ and the Associated Press
PROVIDENCE, R.I. (AP) — Democratic gubernatorial candidate Gina Raimondo is calling for action on a state plan to end homelessness in Rhode Island within the decade.
The general treasurer says the state needs to invest more in affordable housing and work to prevent homelessness in the first place. She says it's not just the right thing to do but will yield long-term savings.
Raimondo wants to fund and implement the plan, Opening Doors, by using so-called social impact bonds. The "pay for success" model enlists private investment to finance public social programs, with funding tied to specific performance targets.
The price tag for the plan, adopted in 2012, has previously been put at $130 million.
Raimondo also issued Tuesday a "Homeowners' Bill of Rights" to support those at risk of foreclosure.